Is the BNB season coming as Binance and Trust Wallet lead CEX, DEX

Binance has become the most downloaded CEX application, surpassing OKX, Bitget, Coinbase, and Bybit. Binance recorded nearly 60 million monthly visits, supports over 400 types of cryptocurrencies, and achieved 4.83 million downloads in just February, double that of OKX.

Trust Wallet is leading the DEX market in terms of downloads. Trust Wallet has approximately 35% more downloads than applications like MetaMask, Phantom, Coinbase, and Bitget. Trust Wallet has surpassed 200 million downloads, attracting 2.5 million new users monthly and holding 35% market share with over 100 integrated blockchains. Trust Wallet is also running a program that waives swap fees for all token pairs on the BNB Smart Chain until March 27.

BNB is showing strength, benefiting from the meme coin boom on the BNB Chain and technical signals indicating a bullish trend in the short term. Recently, BNB Chain surpassed Solana in weekly DEX trading volume, raising expectations for a true 'BNB season.' Binance Wallet is also boosting trading activity by waiving transaction fees until September.

However, it is still not certain that a real BNB season is underway. Some analysts suggest that BNB is facing resistance, and risks remain, especially if Bitcoin cannot maintain its upward momentum, which could affect the entire altcoin market.